LMNDLemonade, Inc.
Fire, Marine & Casualty Insurance
- Revenue
- $738M
- 40% YoY
- Operating margin
- —
- EBITDA
- —
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- —
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear—Cash flow under 80% of net income
- Dilutive SBCClear8% of revenueOver 10% of revenue
- Payouts exceed cash flowClear0% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear1% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $128M | $257M | $430M | $527M | $738M | 40% |
| Net income | −$241M | −$298M | −$237M | −$202M | −$166M | 18% |
| Operating cash flow | −$145M | −$163M | −$119M | −$11M | −$17M | 45% |
| Capex | $9M | $10M | $9M | $9M | $9M | 0.0% |
| Stock-based comp | $44M | $59M | $60M | $65M | $61M | 5.0% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $330K · 4
- Net
- −$330K
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | — | $11M | 58 | 180 |
| FY2024 | — | — | 45 | 190 |
| FY2023 | — | — | 20 | 153 |
| FY2022 | — | — | 17 | 141 |
| FY2021 | — | — | 52 | 139 |